Mobix Labs, Inc. (NASDAQ:MOBX) Short Interest Update

Mobix Labs, Inc. (NASDAQ:MOBX) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 14,503,159 shares, a growth of 271.8% from the February 26th total of 3,900,417 shares. Approximately 16.9% of the company’s shares are short sold. Based on an average trading volume of 272,344,631 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 272,344,631 shares, the days-to-cover ratio is presently 0.1 days. Approximately 16.9% of the company’s shares are short sold.

Mobix Labs Stock Performance

MOBX opened at $0.46 on Wednesday. Mobix Labs has a 1-year low of $0.13 and a 1-year high of $1.44. The company has a market cap of $47.29 million, a price-to-earnings ratio of -0.67 and a beta of -0.07. The company’s fifty day moving average price is $0.36 and its two-hundred day moving average price is $0.54. The company has a current ratio of 0.11, a quick ratio of 0.07 and a debt-to-equity ratio of 0.41.

Mobix Labs (NASDAQ:MOBX) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.16) earnings per share (EPS) for the quarter. The business had revenue of $1.88 million for the quarter. Mobix Labs had a negative net margin of 289.21% and a negative return on equity of 2,857.36%.

Insider Activity

In related news, CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $0.32, for a total transaction of $67,735.04. Following the transaction, the chief financial officer owned 2,671,661 shares in the company, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.73% of the stock is owned by insiders.

Institutional Trading of Mobix Labs

Several institutional investors and hedge funds have recently modified their holdings of MOBX. Vanguard Capital Wealth Advisors boosted its position in shares of Mobix Labs by 4.1% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after buying an additional 54,700 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Mobix Labs by 17.3% during the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after purchasing an additional 62,715 shares during the last quarter. Armistice Capital LLC purchased a new position in shares of Mobix Labs in the 2nd quarter worth approximately $3,272,000. Focus Partners Wealth grew its holdings in shares of Mobix Labs by 64.3% in the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after acquiring an additional 642,857 shares in the last quarter. Finally, Mariner LLC increased its position in shares of Mobix Labs by 103.5% during the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after acquiring an additional 68,879 shares during the last quarter. 8.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MOBX has been the subject of a number of research analyst reports. Wall Street Zen raised Mobix Labs to a “sell” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Mobix Labs in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Mobix Labs Company Profile

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.